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Consolidated financial statement of the Eurosystem as at 10 February 2006

14 February 2006

Items not related to monetary policy operations

In the week ending 10 February 2006, the decrease of EUR 79 million in gold and gold receivables (asset item 1) reflected the selling of gold by two Eurosystem central banks (consistent with the Central Bank Gold Agreement of 27 September 2004).

The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.7 billion to EUR 161.1 billion on account of customer and portfolio transactions.

The holdings by the Eurosystem of marketable securities of euro area residents denominated in euro (asset item 7) increased by EUR 0.8 billion to EUR 96.4 billion. Banknotes in circulation (liability item 1) decreased by EUR 0.3 billion to EUR 550.3 billion. Liabilities to general government (liability item 5.1) fell by EUR 2.2 billion to EUR 42.1 billion.

Items related to monetary policy operations

The Eurosystem’s net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) increased by EUR 3.5 billion to EUR 393.5 billion. On Wednesday, 8 February 2006, a main refinancing operation of EUR 290 billion matured and a new one of EUR 293.5 billion was settled.

Recourse to both the marginal lending facility (asset item 5.5) and the deposit facility (liability item 2.2) was virtually nil, which was approximately the same as in the preceding week.

Current accounts of euro area credit institutions

As a result of all transactions, the current account position of credit institutions with the Eurosystem (liability item 2.1) increased by EUR 8.6 billion to EUR 159.5 billion.

Assets (EUR millions) Balance Difference compared with last week due to transactions
Totals/sub-totals may not add up, due to rounding
1 Gold and gold receivables 163,668 −79
2 Claims on non-euro area residents denominated in foreign currency 154,438 −1,702
2.1 Receivables from the IMF 12,535 −552
2.2 Balances with banks and security investments, external loans and other external assets 141,903 −1,150
3 Claims on euro area residents denominated in foreign currency 23,086 390
4 Claims on non-euro area residents denominated in euro 9,197 312
4.1 Balances with banks, security investments and loans 9,197 312
4.2 Claims arising from the credit facility under ERM II 0 0
5 Lending to euro area credit institutions related to monetary policy operations denominated in euro 393,516 3,496
5.1 Main refinancing operations 293,499 3,499
5.2 Longer-term refinancing operations 100,017 0
5.3 Fine-tuning reverse operations 0 0
5.4 Structural reverse operations 0 0
5.5 Marginal lending facility 0 −2
5.6 Credits related to margin calls 0 −1
6 Other claims on euro area credit institutions denominated in euro 3,863 179
7 Securities of euro area residents denominated in euro 96,355 825
8 General government debt denominated in euro 40,597 0
9 Other assets 150,656 1,582
Total assets 1,035,376 5,003
Liabilities (EUR millions) Balance Difference compared with last week due to transactions
Totals/sub-totals may not add up, due to rounding
1 Banknotes in circulation 550,292 −303
2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 159,534 8,565
2.1 Current accounts (covering the minimum reserve system) 159,508 8,557
2.2 Deposit facility 25 8
2.3 Fixed-term deposits 0 0
2.4 Fine-tuning reverse operations 0 0
2.5 Deposits related to margin calls 1 0
3 Other liabilities to euro area credit institutions denominated in euro 158 0
4 Debt certificates issued 0 0
5 Liabilities to other euro area residents denominated in euro 49,494 −2,384
5.1 General government 42,098 −2,219
5.2 Other liabilities 7,396 −165
6 Liabilities to non-euro area residents denominated in euro 12,563 −196
7 Liabilities to euro area residents denominated in foreign currency 226 −15
8 Liabilities to non-euro area residents denominated in foreign currency 10,291 −552
8.1 Deposits, balances and other liabilities 10,291 −552
8.2 Liabilities arising from the credit facility under ERM II 0 0
9 Counterpart of special drawing rights allocated by the IMF 5,920 0
10 Other liabilities 68,437 −111
11 Revaluation accounts 119,113 0
12 Capital and reserves 59,348 −1
Total liabilities 1,035,376 5,003
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